The transaction allows Lima One to offer more diverse loan options as well as provide additional benefits to commercial investors.
"RealtyShares has built a strong business in the residential sector of real estate investor financing by originating high-quality loans that enable borrowers to make significant profits," said Lima One Capital CEO and founder John Warren. “Lima One Capital shares these traits. We look forward to working with their clients throughout the country who have grown accustomed to flexible loan products and exceptional customer service."
"Lima One Capital has built an impressive track record, and this partnership will bring quality and diverse opportunities for our sponsors and investors," said RealtyShares CEO Nav Athwal. "By working with one of the best residential real estate investment lenders in the US, RealtyShares will continue to be a diversified real estate investment platform offering a wide range of options to our investors while building best-in-class technology solutions for sourcing and underwriting commercial deals."
Lima One said it will continue collaborating with RealtyShares to access its deep pool of borrowers. The companies began partnering in early 2017. RealtyShares offers financing solutions to residential developers and has deployed more than $200 million across over 720 deals. Following the transaction, the company will work on scaling its full-stack capital solutions across multifamily, office, retail, industrial and other commercial assets.
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Lima One Capital has purchased the residential debt origination business of online marketplace RealtyShares.